Where Ideas Work
|Type||Commercial real estate|
|Headquarters||Cecil Township, Pennsylvania, U.S.|
|Key people||Jack B. Piatt Chairman|
Millcraft began as a steel production company before expanding into real estate. In 2005, following a deal with Hilton Hotels and an expanding commercial real estate business, Millcraft formally exited the steel industry.
In 2008, Millcraft CFO Brian Walker, won the Pittsburgh Business Times CFO of the Year award in the "Large private company" categorgy. The award was largely the result of Walker's ability to use the New Markets Tax Credit Program to finance previously impossible projects in Downtown Pittsburgh.
In March 2009, Millcraft purchased the Pittsburgh State Office Building. The sale was criticized by Pennsylvania State Auditor General Jack Wagner, who noted that the $4.6 million sale price was half its appriased value. He said that the plan would cost the taxpayers nearly $55 million in leases to move state workers to other buildings.
- Sandler, Robert (November 25, 2005). "Millcraft exits steel business". Pittsburgh Business Times.
- "Millcraft Industries, Inc. :: OUR PROJECTS". Millcraft Industries, Inc.
- "Commercial Office - Crossroads Center". Millcraft Investments. Retrieved 2013-11-16.
- "Millcraft Industries, Inc. :: OUR COMPANY". Millcraft Industries, Inc.
- Sadovi, Maura Webber (March 13, 2012). "More Living in Steel City". Wall Street Journal.
- Carbasho, Tracy (November 7, 2008). "Walker moves Millcraft forward". Pittsburgh Business Times.
- Stouffer, Rick (August 27, 2009). "Pennsylvania auditor general critical of State Office Building sale". Pittsburgh Tribune Review.
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